Business
TOYO Secures Strategic Polysilicon Supply with a U.S. Polysilicon Manufacturer
TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar solution company, today announced that it has signed a sales contract with a U.S. polysilicon manufacturer(the "Supplier"), to secure domestically sourced critical raw materials for TOYO's solar manufacturing operations. This agreement adds U.S.-sourced polysilicon to TOYO's existing non-Foreign Entity of Concern ("FEOC") overseas supply, strengthening TOYO's dual-source strategy and ensuring a stable and regulatory co
About this update from Toyo Co., Ltd
[{"type":"text","content":"TOKYO, Jan. 7, 2026 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar solution company, today announced that it has signed a sales contract with a U.S. polysilicon manufacturer(the "Supplier"), to secure domestically sourced critical raw materials for TOYO's solar manufacturing operations. This agreement adds U.S.-sourced polysilicon to TOYO's existing non-Foreign Entity of Concern ("FEOC") overseas supply, strengthening TOYO's dual-source strategy and ensuring a stable and regulatory compliant supply for its solar manufacturing operations.","length":652,"tagName":"p"},{"type":"text","content":"Under the sales contract, the Supplier agreed to provide TOYO with polysilicon produced in the U.S., strengthening TOYO's ability to meet growing demand in the U.S. solar market. The sales contract has a term of one year. This partnership establishes a robust and diversified polysilicon supply chain, supporting both TOYO's cell manufacturing in Ethiopia and module production in the United States.","length":412,"tagName":"p"},{"type":"text","content":"Strategic Advantages of the Agreement","length":37,"tagName":"p"},{"type":"text","content":"U.S. Polysilicon Supplier: The Supplier is recognized as the leading polysilicon producer in the United States, offering significant scale and a proven track record of reliability.","length":185,"tagName":"p","attribs":{}},{"type":"text","content":"Domestic Supply Alignment: Sourcing polysilicon domestically enhances TOYO's alignment with U.S. regulatory expectations and supports strategic operational and market objectives.","length":182,"tagName":"p","attribs":{}},{"type":"text","content":"Resilient and Diversified Supply Chain: Combining U.S.-sourced polysilicon from the Supplier with non-FEOC overseas supply, TOYO has built a robust dual-source supply chain capable of efficiently meeting growing U.S. solar demand.","length":235,"tagName":"p","attribs":{}},{"type":"text","content":"Support for U.S. Market Expansion: The supply of polysilicon from the Supplier underpins TOYO's ongoing investment in U.S. manufacturing capacity, aligning with its mission to be a leading solar supplier in the U.S. market.","length":232,"tagName":"p","attribs":{}},{"type":"text","co...